Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter.

EIA gas storage

At A Glance:

  • BREAKING: U.S. EIA reports withdrawal of 21 Bcf for week ending Nov. 19
  • European woes fuel LNG demand expectations
  • Cash drops in Northeast

The December Nymex contract climbed 17.8 cents day/day and settled at $4.967/MMBtu. January gained 17.4 cents to $5.035. A day earlier, the prompt month dropped 27.6 cents amid domestic weather demand concerns.

NGI’s Spot Gas National Avg., however, shed 42.5 cents to $4.830 as prices retreated in the volatile Northeast.

LNG feed gas volumes hovered close to 2021 highs above 11...